Intragroup Loan definition
Examples of Intragroup Loan in a sentence
This Agreement is supplemental to a deed of variation and accession between the parties hereto made on [] 2016 of an intra-group loan agreement made on 18 December 2014 between the parties hereto (other than Topco) (Original Intra-group Loan Agreement), which in turn relates to a loan facility in an aggregate amount of EUR6,000,000 signed on 18 December 2014 provided to A UK for the benefit of the Group by Kreos (“Kreos Facility”).
The Seller shall procure that (a) the Intercompany Receivable Amount is settled before Closing by way of a dividend in kind or otherwise and (b) subject to settlement of the Intercompany Receivable Amount, the EUR 5,000,000 Intragroup Loan Facility Agreement is terminated with effect as of Closing, without any continuing liability of Kouti B.V. to the Seller or any of its Affiliates (other than members of the Company Group) or any of the Sponsors.
The Borrower and the Lender agree that the amount of installment which are settled (verrechnet) in such manner form part of the outstanding amount under the Intra-group Loan and shall be governed by the terms and conditions set forth in this Agreement.
After this Security has become enforceable, the Security Agent may exercise, without any further consent or authority on the part of the Chargor and irrespective of any direction given by the Chargor, any of the Chargor’s rights under any Intragroup Loan Agreement or in respect of the Intragroup Debt.
The Company intends to use the aggregated proceeds from the Disposal and the settlement of Intragroup Loan of approximately RMB174,784,000 for general working capital purpose.
Intragroup Loan Contracts.................................................
Any other termination rights of the Borrower or the Lender are excluded, provided that this shall not affect the Borrower’s right to prepay (parts of) the Intra-group Loan pursuant to Section 3.2 above.
The Borrower shall also have the right to repay to the Lender all or parts of the Intra-group Loan in one or several installments at any time prior to the Maturity Date.